Boston & New England + Massachusetts + Retail | August 2, 2023

IPA Offers Greater Boston Trader Joe’s-Anchored Retail Center for Sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, is exclusively offering Brookside Shops, a 75,529-square-foot neighborhood shopping center anchored by Trader Joe’s in Acton, Massachusetts.

Priced at $26 million, the shopping center is currently 87% occupied. Constructed in 2002 on 10 acres, the center features major tenants such as Staples, X-Golf, and Talbots, along with a variety of other retailers.

“The center is located in the midst of Boston’s wealthiest suburbs, boasting an average household income within a 10-mile radius of over $210,000,” said Jim Koury, IPA senior managing director. “The shopping center is currently 87% occupied and projects a 10-year compounded average growth in rent of over 3.6%.”

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Jim Koury

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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